Tribeca Resources Corporation · TSXV:TRBC
Tribeca Resources — Investor Presentation (March 2024)
39 slides from Tribeca Resources's investor presentation, March 2024
Slide 1: Advancing the latest IOCG discovery in Chile
Advancing the latest IOCG discovery in Chile CORPORATE PRESENTATION MARCH 2024 TSXV: TRBC
Slide 2: Forward Looking Statements and Disclaimer
Forward Looking Statements and Disclaimer This corporate presentation and the information contained herein (the “Presentation”) is proprietary and for authorized use o nly. It is being provided for the use of prospective investors with the express understanding that, without the prior permission in
Slide 3: The need for copper
The need for copper
Slide 4: Copper is essential for the modern world
THE NEED FOR COPPER Copper is essential for the modern world An average advanced-country human consumes 10-15 kg of copper per year1 Household Consumer Construction: Electrical Transportation: electronics: electronics: infrastructure: A/C, refrigerator, smartphones residential and power grid, cars,
Slide 5: Copper plays pivotal role in green energy transition
THE NEED FOR COPPER Copper plays pivotal role in green energy transition Near doubling of annual consumption expected by 2040 “ Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. − Wood Mackenzie, Julian Kettle Sr. V.P. Metals and Mining A
Slide 6: Introduction to Tribeca Resources
Introduction to Tribeca Resources
Slide 7: We are a copper exploration company focused on discovering and developing future mines
INTRO TO TRIBECA Experienced Science- team with driven leading IOCG We are a copper exploration expertise company focused on discovering and developing future mines in Prolific Chilean Recent and the Chilean Coastal IOCG belt growing Coastal IOCG discovery Belt People and Building planet portfolio v
Slide 8: Highly Aligned Management Team
INTRO TO TRIBECA Highly Aligned* Management Team Exceptional track-record in Latin American copper, exploration, finance and M&A Team Member Background Notable Experience Dr. Paul Gow Geologist Former Glencore GM Projects/Exploration CEO, Director 25+ years experience Geologist with extensive experi
Slide 9: Experienced Independent Directors
INTRO TO TRIBECA Experienced Independent Directors Diverse capabilities, with deep mining, investing and company-building experience Team Member Background Notable Experience Luis Tondo Metallurgy & Mining Engineer with extensive operating background in Latam Director, engineering Junior and major c
Slide 10: Recent accomplishments and next steps
INTRO TO TRIBECA Recent accomplishments and next steps Key accomplishments 2017 - 2022 Completed 4 property acquisitions in the “La Higuera” mining district in Chile (privately funded) Feb ‘22 Completed a C$2.6 million private placement financing Nov ‘22 Listed on TSX-V via reverse take-over transac
Slide 11: Capital structure and ownership
INTRO TO TRIBECA Capital structure and ownership Trading on TSX-V under “TRBC” ticker, with OTC quotation under “TRRCF” Corporate Information Shareholder breakdown (non-diluted) Share Price (28-Feb-2024) C$0.23 Shares Outstanding (# shares) 62.24M Warrants (# warrants) 5.02M Options (# options) 1.43
Slide 12: Our approach
Our approach
Slide 13: New approaches are unlocking IOCG opportunities
APPROACH New approaches are unlocking IOCG opportunities Why hunt for new IOCG deposits? Low exploration maturity New concepts/ technologies Variety of deposit types with can be applied by-product credits Major Global IOCG Belts Giant Deposits Resource* Company 1. Gawler Craton (Australia) Olympic D
Slide 14: Chilean Coastal IOCG Belt is ripe for discovery
APPROACH Chilean Coastal IOCG Belt is ripe for discovery Key regional advantages 1) infrastructure-rich 2) low altitude 3) access to sea water 4) under-explored with historic focus on outcropping areas 7 major Chilean Coastal IOCG Belt deposits (within the ~1,000 km N-S area Tribeca is focussed on)
Slide 15: Our strategy: science-led, portfolio driven exploration
APPROACH Our strategy: science-led, portfolio driven exploration Differentiated from the all-or-nothing, single asset, high G&A junior template Seeking superior risk-adjusted returns by bringing a science-led approach to exploration & discovery in the Chilean Coastal IOCG belt Portfolio Approach Dis
Slide 16: La Higuera IOCG Project
La Higuera IOCG Project
Slide 17: La Higuera IOCG Project: Overview
PROJECT La Higuera IOCG Project: Overview Gaby IOCG System Benja target New discovery, 1km strike length drilled Geophysical targets on extensions to historic high • Located 500km north of Santiago grade mining operation Best intersection: - 268m @ 0.66% Cu, 0.14 g/t Au, • Two drilled IOCG mineraliz
Slide 18: La Higuera IOCG project: Exploration programs
PROJECT La Higuera IOCG project: Exploration programs Drill testing of two targets under cover completed: Gaby and Chirsposo Extension IP Phase 1: Completed ✓ Geophysics (gravity, ground magnetics) ✓ 2,750m RC and diamond Phase 1 drilling GABY Reconnaissance Q3 2023: Completed geochemistry ✓ Extensi
Slide 19: Gaby IOCG discovery (2023)
PROJECT Gaby IOCG discovery (2023) Step out from historical intersections to drill under cover (now 1km strike length of mineralization) RCH-LH-07 - 285m @ 0.40% copper, 0.08 g/t gold incl. 56m at 0.60% copper, 0.12 g/t gold (historic intersection) GBY001 - 268m at 0.66% copper, 0.14 g/t gold incl.
Slide 20: Gaby target drill section
PROJECT Gaby target drill section Drill holes GBY001, GBY003, GBY008 GBY001 intersection: 268m at 0.66% copper and 0.14 g/t gold incl. 90m at 1.02% copper and 0.23 g/t gold 20
Slide 21: Phase 2 drill program
PROJECT Phase 2 drill program Gaby IOCG discovery Phase 2 Drill Program • Phase 1 drill program demonstrated that the system maintains an interpreted minimum 130m thickness over the northern 650m strike extent • Mineralized system remains clearly open to the north and with depth • Fully funded Phase
Slide 22: La Higuera Project Targets
PROJECT La Higuera Project Targets Gaby Five targets in total (two drill-tested to date) Benja Gaby (29 holes for 10,118 metres drilled): • Mineralized system of 1.4km, open with depth, additional geophysical targets exist Benja (undrilled): – Magnetic complex with coincident variable intensity char
Slide 23: A foothold in an emerging IOCG district
PROJECT A foothold in an emerging IOCG district The Chilean IOCG Belt hosts several districts with multiple deposits Candelaria - Punta del Cobre Dominga Norte district: 13Mt1 Cu resources Dominga Norte: 7Mt at 1.5% Cu, Las Posadas 0.3 g/t Au, 36% Fe** Posadas: 43.7Mt at 0.55% CuT* Mantos de Cob
Slide 24: Investment case
Investment case paul.gow@tribecaresources.com www.tribecaresources.com thomas.schmidt@tribecaresources.com 24
Slide 25: Peer comparison: significant re-rating potential
INVESTMENT CASE Peer comparison: significant re-rating potential Selected peers with copper and/or IOCG projects in South America Mkt Cap. Company Main Project Country Project stage Deposit Type Metals Exchange (US$ MM)* Filo Filo del Sol PFS Porphyry Cu-Au-Ag TSX 2,066 Far West Santo Domingo PEA +
Slide 26: Delivering next generation of IOCG mines in Chile
INVESTMENT CASE Delivering next generation of IOCG mines in Chile Copper dominant with gold and possible cobalt credits Tribeca Investment proposition Copper is Differentiated Upside critical strategy potential The world needs more Science-led team Large and growing copper mineralized system at La H
Slide 27: Appendices
Appendices www.tribecaresources.co paul.gow@tribecaresources.com m thomas.schmidt@tribecaresources.com
Slide 28: La Higuera IOGC Project
APPENDICES La Higuera IOGC Project Mining concessions & underlying ownership (100% purchase (100% direct option)1 ownership) (100% direct ownership) (100% direct ownership) 1 US$200k payment due in March 2024 and US$1.8M payment due in March 2025. 5% Exploration Levy due on exploration work carried
Slide 29: The broader La Higuera district
APPENDICES The broader La Higuera district Current and proposed infrastructure 29
Slide 30: Chirsposo target - 2023 drill results
APPENDICES Chirsposo target - 2023 drill results CHS001 and CHS002 CHS002 167m at 0.21% copper, including 12m @ 0.91% Cu, 0.24 g/t Au from 56m Chirsposo represents a near surface copper-gold IOCG system with numerous shallow, thick, copper intersections CHS002: 154-159m: 0.65% Cu, 0.25 g/t Au 30
Slide 31: Early-stage targets at Caballo Blanco
APPENDICES Early-stage targets at Caballo Blanco EARLY STAGE Additional TARGETS: based on geophysical targets geophysical data Chirsposo Location of Zone historical geophysical datasets shown DON BAUCHA: Intense magnetic and LEGEND Magnetic chargeability target – Susceptibility (SI) 1 hole to date D
Slide 32: Metallurgical test work
APPENDICES Metallurgical test work • Metallurgical test work (G&T Metallurgical Services Ltd, 2006) on two composites of drill core with copper head grades of 0.75% Cu and 0.1% Cu • Work indicated a copper and gold recovery of 85% and 65%, respectively, at a P 80 of 139μm, with recoveries improving
Slide 33: Drill results obtained at La Higuera IOCG Project
APPENDICES Drill results obtained at La Higuera IOCG Project Recent and historical drill intersections reported From To Downhole Cu Au Co CuEq From Downhole Cu Au Co CuEq HoleID (m) (m) Interval (m) (%) (g/t) (ppm) (%)* HoleID (m) To (m) Interval (m) (%) (g/t) (ppm) (%)* Gaby - Tribeca Phase 1 Gaby
Slide 34: Economic development requires copper
APPENDICES Economic development requires copper Reaching UN development goals requires a ~4x increase in installed copper Significant increase in commodity supply Level of investment required implies required for decarbonisation and fair transition sustained higher prices are needed Copper (kg) per
Slide 35: Recent M&A activity: Chile copper
APPENDICES Recent M&A activity: Chile copper Extensive M&A/investment activity involving Chilean copper assets despite tax regime and constitutional uncertainties during 2022 and early 2023 Consummated transactions involving Chilean copper deposits Dec ’23 Metalla acquisition of Nova Royalty for C$1
Slide 36: Key Global IOCG Terranes
APPENDICES Phase 2 drill program Key Global budget IOCG Terranes Carajás Cloncurry Belt Coastal Belt Chile-Peru Gawler Craton (Olympic Province) 36
Slide 37: Photo Gallery
APPENDIC Photo Gallery VuINCREASING IN SIZE WITH DRILLIN age ON PROPERTY
Slide 38: Statutory Rights of Action
Statutory Rights of Action The following summary of the statutory rights of action for damages or recission will apply to a Canadian purchaser of securi ties in the event that this Presentation is deemed to be an offering memorandum pursuant to securities legislation in the applicable province or te
Slide 39: TSXV: TRBC
TSXV: TRBC www.tribecaresources.com | admin@tribecaresources.com
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